§ 1302. Application to existing authorized foreign corporations.

Every foreign corporation which on the effective date of this chapter
is authorized to conduct activities in this state under a certificate of
authority heretofore issued to it by the secretary of state shall
continue to have such authority. Such foreign corporation, its members,
directors, and officers shall have the same rights, franchises, and
privileges and shall be subject to the same limitations, restrictions,
liabilities, and penalties as a foreign corporation authorized under
this chapter, its members, directors, and officers respectively. A
foreign corporation may by amendment to its certificate of authority set
forth whether it is a charitable corporation or a non-charitable
corporation and in the absence of such amendment an authorized foreign
corporation shall be a charitable corporation. Reference in this chapter
to an application for authority shall, unless the context otherwise
requires, include the statement and designation and any amendment
thereof required to be filed by the secretary of state under prior
statutes to obtain a certificate of authority.